UK100 CFD
FTSE100 4 Hour Elliott Wave AnalysisHello Traders,
In this analysis, we will have a look at the FTSE -0.03% Index in the 4-hour chart.
FTSE -0.03% cycle from 2/11/16 low ended at the peak of 01/12/18 (7792.56) in red wave a, and red wave b pullback is proposed to be completed at 03/26/18 low (6869.79).
Up from there, black wave ((1)) ended at 7904.55 peak. The rally from 03/26/18 low can be sub-divided in 5 waves with an extended wave 3. Where blue wave (1) ended at 03/27/18 peak (7046.9). Below from there, it ended blue wave (2) correction at 03/28/18 low (6923.9).
Up from that low, it ended blue wave (3) at the peak of 05/15 peak (7752.9) and blue wave (4) pullback at 05/17 low (7714.6). Up from there, it ended the cycle from 03/26/18 low in black wave ((1)) at the peak of 05/22 (7907.9).
Short-term it has ended the cycle from 05/22/18 peak (7904.55) at 05/29/18 low (7609.8) in blue wave (W) and ended the correction to that cycle in blue wave (X) at 06/14/18 peak (7792.9). While pullbacks stay below blue wave (X) peak, it is expected to see more downside to the equal legs - 1.236 extension area of blue ( W ) - ( X ) which should offer us a good buying opportunity as long as the pivot at 6869.79 in our distribution system stays intact.
UK100 - Trading update 13th of JunePotential (small) upside target towards 7900.
Otherwise, move down towards 7600 and 7500.
FTSE Elliott Wave View: Buying Opportunity SoonHello Traders,
In this short-term analysis, we will have a look at the FTSE100.
FTSE cycle from 3/28 low is proposed to be completed at 7904 high in black wave ((1)), below from there the index is correcting that cycle & expected to find buyers in 7-11 swings provided the pivot at 6867 low in our proprietary distribution system stays intact.
Short-term it has ended the cycle from 05/22/18 peak (7904.55) at 05/29/18 low (7609.8) in blue wave (W) and ended the correction to that cycle in blue wave (X) at 06/04/18 peak (7774.2). While pullbacks stay below blue wave (X) peak, it is expected to see more downside to the equal legs - 1.236 extension area of blue ( W ) - ( X ).
We don’t like selling it and prefer buying the dips at the extreme areas in 7-11 swings as far as pivot at 3/26 low (6865.8) stays intact.
FTSE short term flag patternBreak of the 7720 level can get us in the trade.
Target area should be somewhere in the fib zone, difficulty with this setup is that the resistance is a quite wide zone as this is our target.
Setup is off the table when it breaks below 7690.
UK100: FTSE 100 Index Trade Set-Ups from Here31st May FTSE 100 Index Update UK100
FTSE bounced away nicely off the support zone at 7600-7580
and really we should have reversed back long off 7600 with
stops below 7580. My bad here.
But it's beginning to struggle and if you were slick enough to
reverse long again without prompting the long stop needs
raising to just under 7680 here.
Any failure to hold this level will open the door to another
short back to 7600-7580 range which must hold up when
retested if this index to avoid a more protracted fall over the
summer months back to the 7340-7294 range.
Returning to the upside in the very near term FTSE is on a
knife-edge and trying hard to form a little bull flag using the
support line at 7685 as the base - once 7680 fails the flag fails
and we get a short opportunity from there, as above.
But there is also a chance that the flag will succeed at this
point but it will need to push above 7715 here to follow long
with stops below 7680 looking for 7745 minimum and 7792 at
a likely maximum before it falls away again.
For real-time updates for more active traders of the major markets (outside of Crypto) please see the link at top left of main page
UKX Short Setup | FTSE Short SetupUKX possible direction.
Note: this is not a trading signal, please perform your own analysis and trade at your own risk. happy trading!!!
FTSE 100 Still Very Much in Bear Market TerritoryI waited for nearly a year and a half to see this near 8000 price level retest.
Now, i'm the biggest bear around.
UK100: FTSE 100 Index Trade Set-Ups For Week AheadFTSE 100 Index UK100
Since making a seasonal high on 22nd May FTSE has fallen away down a narrow impulse
wave and chanelled down the smaller falling pair of parallels from the new high.
Whist constrained within the channel FTSE remains vulnerable to further selling pressure
back to the first minor support line at 7691. Failure to hold here will trigger a shorting
opportuninty back to the 7600-75832 range where it should attempt to bounce away to
the upside again. Looking beyond that bounce, should 7580 fail further out in time FTSE
will likely fall away much further over the summer, to a new downside target in the
7335-7294 range.
Returning to the upside FTSE has to break back above the upper parallel carrying the
current down-wave for the bears to back off again now - it can do this, but only if 7691
holds up on London open. This level looks key to the near term.
It must hold here and bounce up through the upper falling parallel and then hold up on
the restest once it is broken above - if we see this kind of price action soon after the
open can look to get long with stops under the 7690 level, but still ready to reverse
again short if the stop is broken by 10 or more points.
#FTSE #UK100 Bearish Megaphone in works 7900 target b4 dropFTSE UK100 Bearish Megaphone under construction 7900 target before plunge
FTSE100 UKX LONG WEEKLY TREND CONTINUATIONVery good opportunity to hop on the trend. Resistance becomes support previous High. Bullish on equities. 38.2% fib retracement. Target1 retest of structure T2 127.2% fib extension. 4H 2618 trade double topped with break of structure + retracement. GOOD LUCK
UK100 Sell IdeaH4 - Triple cycle up forming, based on the fibo extension levels of the two legs, we have a magnet zone. We also have a bearish divergence.
Price is nearing this magnet zone. Once price reaches this zone we may expect a bearish reversal to happen.
We may then start looking for sells with the breakout of the uptrend line.
UK100GBP approaching support, potential bounce! UK100GBP is approaching our support at 7104.3 (horizontal overlap support, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension). A strong bounce might occur at this level, pushing price up to our major resistance at 7221.5 (horizontal swing high resistance).
RSI (55) is approaching our major support level and a bounce off this level might be a good precursor of a potential rise in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
UK100 Buy IdeaD1 - Double cycle completed, we may now expect the price to move higher until it reaches the 38.2% retrace zone.
H4 - Price broke the most recent downtrend line and retested it. We may start looking for buys now.
Invalidation - If the price moves lower and holds below this downtrend line, then this setup is invalidated
FTSE WEEKLY CYPHERFTSE100 weekly cypher formation. High probability setup for long entry. Trend continuation. 38.2% 50% FIBs. RSI oversold on Daily. On weekly sellers are having the control. Previous resistance becomes support approaching from the upside. Good Luck
Sell on retrace and close of red candle Downward trend continuation, overall market down, sell on retrace to trendline and close of next good red candle after that.
Buy Signal!Follow the comments on the chart! if If the price goes up to the size of the stop loss point, put the stop loss on the entry point, Stop loss means that the closed price must be below the Stop line, the shadows are not acceptable
Fever-Tree Drinks proving to be SOLID yet again!Fever-Tree Drinks LSE:FEVR performed well for me last year.
This is a fairly new stock, only floating on the UK stock market in December 2014.
Despite this, the stock has outperformed others which have a long track record.
After the strong move up over the past couple of years, price went into consolidation and
used the daily 200 moving average as support.
Finding strength recently, price has now managed to break through the resistance levels of the consolidation zones.
This is a stock that is back on my watchlist as this breakout could signify the start of another strong bull trend.
Any comments or questions, do not hesitate to leave them below.
Sublime Trading
